Demarest, NJ Real Estate
According to census data in the year 2000 there were 1,634 housing units in Demarest.
This represents a 1.5% growth from 1,610 in 1990.
Of those housing units, 1,634 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Demarest is about 91.8%.
Demarest's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 3.02 people.
The majority of houses, apartments or condos in Demarest were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 2.90% |
| Two Bedrooms | 4% |
| Three Bedrooms | 41.70% |
| Four Bedrooms | 33% |
| Five Bedrooms or more | 17.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $360,300 |
| Median Price asked for vacant units | $625,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.16 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 48.50% |
| Debt Free | 31.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
